As a Ukrainian-American veteran, you may have faced financial challenges as a result of your service. Fortunately, the Department of Veteran Affairs (VA) offers resources to help you navigate these challenges, including the Veterans Benefits Banking Program (VBBP).
The VBBP is a valuable resource offered by the Department of Veterans Affairs (VA) to veterans and their families. This program is a partnership between the VA and participating banks that provides low-cost, federally insured accounts to eligible veterans and their families. The program has recently expanded to include free financial education services.
Financial and Credit Counseling Services
The VBBP’s financial and credit counseling services are available to all veterans, regardless of whether they have an account with a participating bank. These services are provided by accredited financial counselors who are trained to help veterans with a variety of financial issues. The counseling sessions can help veterans develop a personalized financial plan based on their specific needs and goals. The counselors can also assist veterans in understanding and improving their credit scores, which can be critical when applying for loans or credit cards.
Online Financial Education Resources
In addition to one-on-one counseling sessions, the VBBP also offers online financial education resources and webinars. These resources cover a range of financial topics, including budgeting, credit management, retirement planning, and investment strategies. By using these resources, veterans can gain knowledge and skills that will help them manage their finances effectively.
Banking Services
The VBBP’s banking services are provided through participating banks and offer low-cost, federally insured accounts. These accounts include features such as free ATM withdrawals, no monthly maintenance fees, and free checks. This program can provide affordable banking options for veterans and their families, which can be especially beneficial for those who may be struggling to find affordable financial services.
Additional Resources for Veterans
In addition to the VBBP, there are other resources available to veterans. For example, the VA offers educational and training programs, such as the Post-9/11 GI Bill and the Vocational Rehabilitation and Employment Program, which can help veterans transition to civilian life. The VA also provides health care services, disability compensation, and pension benefits for eligible veterans.
Free Financial and Credit Counseling
The Veterans Benefits Banking Program provides Veterans with one free consultation with a credit or financial counselor. You can get help setting up a budget, discovering the best ways to save, qualifying for credit, buying a home, and many other things to make life better for you and the ones you love.
Visit veteransbenefitsbanking.org to learn more about financial planning resources available exclusively to Veterans and their beneficiaries.
- Visit veteransbenefitsbanking.org
- Click the “Financial & Credit Counseling” link
- Follow the links to find your preferred assistance
Conclusion
The Veterans Benefits Banking Program (VBBP) is an excellent resource for veterans and their families. By taking advantage of the VBBP’s financial and credit counseling services, online financial education resources, and banking services, veterans can gain the knowledge and skills necessary to manage their finances effectively and achieve their financial goals. The VBBP provides Veterans with one free consultation with a credit or financial counselor. Additionally, be sure to explore the other resources available to you as a veteran, such as educational and training programs and health care services.